Ben Bernanke

Senate confirms Janet Yellin as new chairman of The Fed

Senate confirms Janet Yellin as new chairman of The Fed

The Senate confirmed Janet Yellen on Monday as the first woman to lead the Federal Reserve, elevating an advocate of fighting unemployment and a backer of the central bank’s efforts to spur the economy with low interest rates and massive bond purchases. Yellen, 67, will replace Ben Bernanke, who is stepping down after serving as […]

Obama to nominate first woman to head Federal Reserve

Obama to nominate first woman to head Federal Reserve

President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the nation’s central bank, the White House said Tuesday. Yellen would be the first woman to head the powerful Fed, taking over at a pivotal time for the economy and the banking industry. Both Yellen and Bernanke […]

Summers out of Fed chief chase

Summers out of Fed chief chase

For weeks, Lawrence Summers had been considered the leading candidate to succeed Ben Bernanke as Federal Reserve chairman. A renowned economist, Summers built close ties to President Barack Obama when he led the president’s National Economic Council in 2009 and 2010. In that role, he helped orchestrate the administration’s efforts to combat the financial crisis […]

So, what will the future economy be? Who knows?

So, what will the future economy be? Who knows?

Politicians and economists are straining to get a clearer view of what the economy will look like a year from now, when midterm political campaigns are heating up. Republicans see the glass as half-empty; Democrats view it as half-full. And the economists aren’t sure. “Our economy is recovering at the slowest rate since World War […]

Fed not expected to relax interest rates during economic surge

Fed not expected to relax interest rates during economic surge

The U.S. economy is strengthening on the fuel of more job growth, rising home prices and solid retail sales. Just don’t expect the Federal Reserve to let up in its drive to keep stimulating the economy with record-low interest rates. Not yet, anyway. That’s the view of economists as Fed policymakers hold a two-day meeting […]

Bernanke says Fed pullback could put economic recovery at risk

Bernanke says Fed pullback could put economic recovery at risk

Ben Bernanke, the chairman of the Federal Reserve, said on Friday that pulling back on aggressive policy measures too soon would pose a real risk of damaging a still-fragile recovery. There has been some disagreement within the Fed of whether the U.S. central bank’s bond-buying program, which is designed to push down long-term interest rates, […]

Over the fiscal cliff: A hard of soft landing?

Over the fiscal cliff: A hard of soft landing?

Efforts to save the nation from going over a year-end “fiscal cliff” were still in disarray as lawmakers returned to the Capitol to confront the tax-and-spend crisis. A tone-setting quotation was Democratic Sen. Harry Reid’s assertion that the House under Republican Speaker John Boehner had been “operating with a dictatorship.” President Barack Obama flew back […]